New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Industrial properties
43643 Utica Rd, Sterling Heights, MI 48314-2359
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-1307574
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Total area
34,752 SF
Lot
2.97 ac (129,243 SF)
Zoning code
M-1
APN
10-10-04-426-017
UPID
US43-1307574
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.20M
CAP Approach
CAP
$2.89M
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$3.20M
Owner & transaction history
43643 Utica Road LLC · 2 yrs held
43643 Utica Road LLC
since 2024
Last sale
$3.2M
2 recorded transactions
Zoning & alternative use
M-1 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+99.0%
Medical building
$4.3M
+72.4%
Office building
$4.1M
+65.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sterling Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sterling Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,200,000
ML approach
$3,200,000
CAP Approach
CAP Return
Estimation
6%
$3,125,000
6.5%
$2,885,000
7%
$2,675,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,475,000
Current use
RESTAURANT
$4,925,000
Change: +99% · Conversion: Difficult
MEDICAL BUILDING
$4,270,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$4,105,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$3,625,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,990,000
Change: +21% · Conversion: Easy
WAREHOUSE, STORAGE
$2,345,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.20M (Mar 7 2024)
Last sale anchor
$3.20M
Mar 7 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$37,694
Tax year 2022
Assessed value
$1,265,100
Assessed 2023
Previous assessed
$1,265,100
+0.0% YoY
Effective rate
2.98%
On assessed value
Total market value
$2,530,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Stories
1
Total area
34,752 SF
Lot
2.97 ac (129,243 SF)
Zoning code
M-1
APN
10-10-04-426-017
UPID
US43-1307574
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Sterling Heights, MI
Zoning M-1 · permitted uses
M-1 · Sterling Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sterling Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
RESTAURANT
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
FORCED AIR
Stories
1
Lot
2.97 ac
Current owner
From public records · entity-resolved
43643 Utica Road LLC
Entity
Mailing address
3310 W BIG BEAVER RD STE #127, TROY, MI 48084-2800
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
$3,200,000
43643 Utica Road LLC
Johnson Ventures LLC
Warranty Deed
$2,640,000 · Centier Bank
—
—
Johnson Ventures LLC
—
Deed Of Trust
related
$400,000 · Comerica Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 43643 Utica Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
